Jul 11, 2011 8:00pm EDT
infrastructure in afghanistan. the notion that the $90 million more that we need for the cftc because of the deficit is nonsense. they want to turn the sec into a profit center. you have a catch-22. first denied the sec and the cftc adequate funding. they in turn will not be able to deal with the rulemaking requirements that they have. because they have not been able to move as quickly on the rolls, the rules have to be abolished. that is something they have imposed. you want the sec and the cftc to have smart people and good information technology. this does not come from the financial institutions. if you've got the rules,, you want them will run.